The credit-rating agency warned last week that the province’s plan to nearly double tuition fees for out-of-province students could make it more expensive for the province’s two largest English universities to borrow money. (Montreal Gazette)

Talking point: McGill and Concordia will have the country’s highest domestic undergraduate tuition fees—about $17,000 for out-of-province students—following the hikes. In response, enrolment is expected to plummet. McGill is already feeling the effects. In October, banks raised the university’s long-term borrowing rate in anticipation of financial impacts. The situation could be even worse for Concordia. The university, which has a $35-million deficit, announced an executive salary freeze last week and a potential pause on infrastructure projects as it seeks to cut its overall spending by 7.8 per cent.